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2. What to do if you contributed too much to your IRA last year

   www.aol.com/finance/contributed-too-much-ira...

   Recharacterize the contribution. ... Roth IRA contribution limits are based on income, and the phase-out range is much lower for married couples filing separately than those filing jointly. In ...

3. Not Sure How Much Money You'll Make This Year? Here's ... - AOL

   www.aol.com/finance/ready-retirement-sure-know...

   Recharacterizing an IRA allows you to switch from one contribution type to another. For example, you might change Roth IRA contributions to traditional IRA contributions or vice versa.

4. Help! I Made too Many IRA Contributions. How Can I Fix It? - AOL

   www.aol.com/fix-excess-ira-contributions...

   Maxing out your individual retirement account (IRA) each year is a smart move when you're focused on growing your retirement fund. But contributing too much money can result in a tax penalty of 6%.

5. Form 1099-R - Wikipedia

   en.wikipedia.org/wiki/Form_1099-R

   Recharacterized IRA contribution made for the current year and recharacterized in the current year. P Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in the prior year. Q Qualified distribution from a Roth IRA (where the participant meets the 5-year holding period and has reached age 59½, has died, or is disabled). R

6. Roth IRA Recharacterization: The Do-Over That Could ... - AOL

   www.aol.com/news/2014-01-12-roth-ira-re...

   Retirement planning involves complex rules, and you rarely get a second chance if you goof up. But in converting a Roth IRA, the opportunity to recharacterize your conversion essentially gives you ...

7. The best time of year to contribute to your IRA - AOL

   www.aol.com/finance/best-time-contribute-ira...

   In 2024, the maximum income level where you can still make a full Roth IRA contribution is $146,000 for individuals and heads of household, and $230,000 for married couples filing jointly.

8. Do These 3 Things to Max Out Your IRA in 2025 - AOL

   www.aol.com/3-things-max-ira-2025-131500605.html

   The 2025 IRA contribution limit for adults under 50 is $7,000. But those who will be 50 or older by the end of the year can make a $1,000 catch-up contribution, bringing their limit to $8,000.

9. 7 reasons to max out your Roth IRA in 2024 - AOL

   www.aol.com/finance/7-reasons-max-roth-ira...

   When to make your IRA contributions. The calendar year might be wrapping up, but you have extra time to maximize your Roth IRA contributions. You can make 2024 contributions until Tax Day in mid ...